Economy - Currency
  • Nigerian currency appreciates against the dollar
    02 march 2003 15:17:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira appreciated against the US dollar at the last session of the official Dutch Auction System (DAS) of foreign exchange allocation held last week, closing at 127. Full text...

  • Zambian currency retraces steps from deep depreciation
    26 february 2003 12:52:00
    Lusaka- Zambia (PANA) -- Zambia's kwacha currency emerged Wednesday much firmer than last week even though its exchange rate still dangled between 4,950 and 5,050 units to the US dollar on the corporate market. Full text...

  • South African firm denies giving Zimbabwe foreign exchange loan
    22 february 2003 19:31:00
    Johannesburg- South Africa (PANA) -- South African mining giant, Anglo American Plc has dismissed as "erroneous" reports that it loaned foreign currency to the beleaguered Zimbabwe government to enable it to buy fuel. Full text...

  • Nigerian Naira continues slide against US dollar
    22 february 2003 15:30:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira continued its slide against the US dollar at the official Dutch Auction System (DAS) of foreign exchange allocation this week, closing at 127. Full text...

  • Zambian kwacha currency continues to depreciate
    19 february 2003 23:43:00
    Lusaka- Zambia (PANA) -- The Zambian foreign exchange market was on Wednesday speculating on unconfirmed reports that the Central Bank was on the verge of intervening on behalf of the kwacha which on Monday had depreciated by a further 21 units from Friday's closing level. Full text...

  • Inter-bank exchange rates of Ghana's cedi currency
    17 february 2003 19:46:00
    Accra- Ghana (PANA) -- Here are the average inter-bank exchange rates of major currencies against the cedi on Monday: Currency Buying Selling Pound Sterling 13,504. Full text...

  • Zambian kwacha falls further by 15 units
    15 february 2003 15:32:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha plummeted by 15 units Saturday as most business houses drew curtains on their trade activities for the weekend. Full text...

  • West African common currency coming out July 2005
    14 february 2003 19:47:00
    Banjul- Gambia (PANA) -- Preparations were at an advanced stage for the introduction of the West African common currency, the Eco, by 1 July 2005, the director general of the West African Monetary Institute (WAMI), Dr M. Full text...

  • Zambian kwacha slides further against US dollar
    12 february 2003 14:20:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has plummeted to 5,170 units against the US dollar, and foreign exchange market analysts believe a further depreciation is inevitable unless hard currency supplies in the country can be improved upon. Full text...

  • Nigerian Naira continues slide against the dollar
    08 february 2003 14:52:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira continued its slide against the American dollar at the official Dutch Auction System (DAS) of foreign exchange allocation this week, closing at N127. Full text...

  • Zambian Kwacha falls
    20 january 2003 17:04:00
    Lusaka- Zambia (PANA) -- The Zambian Kwacha, which has fallen by 2. Full text...

  • Nigerian Naira rallies against US dollar
    17 january 2003 13:38:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira rallied against the US dollar at the last Dutch Auction System (DAS) foreign exchange allocation session this week, closing at 127. Full text...

  • Gambia's currency slumps
    15 january 2003 14:37:00
    Farafenye- Gambia (PANA) -- For months, the Gambia has been plunged into depression, with the speculative collapse of its currency, the dalasi, and an economy based essentially on re- exporting low-cost imported manufactured products to countries of the sub-region. Full text...

  • Monday inter-bank exchange rates of the cedi
    13 january 2003 18:17:00
    Accra- Ghana (PANA) -- Following are the average inter-bank exchange rates of major currencies against the Ghanaian cedi on Monday: Currency Buying Selling US Dollar 8,298. Full text...

  • Nigerian Naira depreciates against US dollar
    10 january 2003 18:10:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira depreciated against the US dollar at the two sessions under the Dutch Auction System of foreign exchange allocation held in Lagos this week, closing at 127. Full text...

  • Zambian Kwacha in marginal slide
    10 january 2003 15:53:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha weakened marginally on the foreign exchange market Friday after the Central Bank injected 2. Full text...

  • Kenyan shilling makes big gains
    31 december 2002 14:09:00
    Nairobi- Kenya (PANA) -- The Kenyan shilling responded positively to the change of guard at the country's leadership, gaining heavily against the US dollar and the British Sterling Pound in Tuesday's trading. Full text...

  • DR Congo franc continues appreciation against US dollar
    26 december 2002 21:33:00
    Kinshasa- RD Congo (PANA) -- The DR Congo franc (CF) has continued its appreciation, which started a week ago against major foreign currencies, with 330 CF now exchanging for one US dollar. Full text...

  • Zambian Kwacha recovers lost ground
    24 december 2002 18:27:00
    Lusaka- Zambia (PANA) -- The Zambian Kwacha, which had been on a free-fall over the past months, was unexpectedly firm against the US dollar Tuesday as the nation wound up business for the Christmas holiday. Full text...

  • Stronger Rand boosts business confidence in Western Cape
    19 december 2002 16:12:00
    Johannesburg- South Africa (PANA) -- A stronger rand has boosted business confidence in South Africa's Western Cape province, according to a quarterly economic survey by the Cape regional chamber of commerce and industry. Full text...

  • Algerian dinar may be devalued
    04 december 2002 19:24:00
    Algiers- Algeria (PANA) -- Algerian national currency, the dinar, could undergo fresh devaluation in January 2003, according to informed financial sources in Algiers. Full text...

  • Malawi experiences acute shortage of hard currency
    03 december 2002 22:35:00
    Blantyre- Malawi (PANA) -- An acute shortage of foreign currency on the Malawi money market has forced the local currency to slip from 80 units to one dollar last month to about 85 units a dollar in commercial banks. Full text...

  • Nigerian Naira depreciates against US dollar
    30 november 2002 16:38:00
    Lagos- Nigeria (PANA) -- Nigerian currency, the Naira, depreciated against the US dollar at the last Dutch Auction this week, closing at 126. Full text...

  • Sudanese currency depreciates
    25 november 2002 15:42:00
    Khartoum- Sudan (PANA) -- Pilgrimage and preparations for the upcoming Eid-el-Fitr festival have sent the Sudanese dinar tumbling by 0. Full text...

  • Launch of ECOWAS second monetary zone postponed
    19 november 2002 13:16:00
    Lagos- Nigeria (PANA) -- Leaders of five-member States of the ECOWAS second monetary zone have postponed the launch of their common currency to 1 July 2005, the ECOWAS Secretariat said in a statement in Abuja Tuesday. Full text...

  • Congolese franc falls against the US dollar
    15 november 2002 23:20:00
    Kinshasa- RD Congo (PANA) -- The DR Congo currency - Congolese franc - has slumped under the rate of 400 FC to the US dollar, exchanging at Tuesday's close at 506. Full text...

  • Zambian kwacha depreciates by 23 units
    11 november 2002 19:51:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was on Monday down by 23. Full text...

  • Central Bank decries mutilation of Ghanaian bank notes
    11 november 2002 19:09:00
    Accra- Ghana (PANA) -- The Bank of Ghana (BOG) on Monday expressed serious concern over the high rate of mutilation of bank notes in the country, saying it spends about three billion cedis a month to replace bank notes defaced through poor handling. Full text...

  • Nigerian currency appreciates slightly greenback
    09 november 2002 15:45:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated slightly against the US dollar at the second auction held this week under the Dutch Auction System (DAS) of foreign exchange allocation, closing at 126. Full text...

  • Second West African regional central bank opens 2005
    07 november 2002 21:15:00
    Conakry- Guinea (PANA) -- Leaders of the proposed West African Monetary Zone (WAMZ) ended their fourth summit here Thursday resolved to put in place a regional central bank and a monetary union by mid 2005. Full text...

  • West African ministers to attend currency meeting
    05 november 2002 22:36:00
    Accra- Ghana (PANA) -- Finance, trade, foreign affairs, integration and co-operation ministers of the proposed West Africa Monetary Zone (WAMZ) meet Wednesday in Conakry, Guinea, to set a timetable for establishment of the zone. Full text...

  • Angola's Exchange Rates
    05 november 2002 09:09:00
    Luanda- Angola (PANA) -- The Angolan kwanza rates of exchange were obtained Monday as follows: Currency Purchase Sale British Pound 79. Full text...

  • Zambian Kwacha opens the week low
    04 november 2002 18:58:00
    Lusaka- Zambia (PANA) -- The Zambian Kwacha was Monday down to its lowest point in months, at 4,730 units to one US dollar. Full text...

  • Nigerian currency appreciates slightly against the dollar
    03 november 2002 16:05:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated slightly against the US dollar at the last auction conducted by the Central Bank of Nigeria (CBN) last week, closing at 126. Full text...

  • Zambian kwacha drops further against US dollar
    30 october 2002 16:43:00
    Lusaka- Zambia (PANA) -- Zambia's kwacha on Wednesday depreciated by 33 units to exchange at 4,633 units for one US dollar. Full text...

  • Increased dollar demand dips Uganda shilling
    26 october 2002 17:10:00
    Kampala- Uganda (PANA) -- High demand for the lowly supplied U. Full text...

  • Nigerian currency tumbles against US dollar
    26 october 2002 16:27:00
    Lagos- Nigeria (PANA) -- Nigeria's currency, the Naira, fell further against the US Dollar at the two auctions held under the Dutch Auction System of foreign exchange allocation this week. Full text...

  • Ugandan shilling continues depreciation against US dollar
    23 october 2002 11:56:00
    Kampala- Uganda (PANA) -- The Ugandan shilling has continued to fall against the US dollar, exchanging at 1,850 units to the American currency at the last Inter-bank session this week. Full text...

  • Angolan currency exchange rates
    22 october 2002 08:49:00
    Luanda- Angola (PANA) -- Here is Monday's exchange rate of the Angolan kwanza currency pitched against the world's main currencies: Currencies Purchase Sale British pound 77. Full text...

  • Nigerian currency slides further against US Dollar
    18 october 2002 15:35:00
    Lagos- Nigeria (PANA) -- Nigerian currency, the Naira, fell further against the US dollar at the two sessions under the Dutch Auction System (DAS) of foreign exchange allocation this week. Full text...

  • Nigerian currency rallies against US dollar
    06 october 2002 16:01:00
    Lagos- Nigeria (PANA) -- Nigeria's national currency, Naira, firmed up against the US dollar at the two auctions held under the Dutch Auction System of foreign exchange allocation last week, closing at 126 to the greenback at the last auction on Thursday. Full text...

  • Angola's exchange rates for the kwanza
    03 october 2002 20:05:00
    Luanda- Angola (PANA) -- Here are Thursday's exchange rates for the Angolan kwanza currency held against the world's main currencies as provided by the National Reserve Bank of Angola. Full text...

  • Zambian Kwacha depreciates under demand pressure
    03 october 2002 18:49:00
    Lusaka- Zambia (PANA) -- The Zambian Kwacha Thursday traded 4,540 to the US dollar after losing 30 units under demand pressure on the foreign exchange market. Full text...

  • Zambian govt rebuked over greenback threats
    28 september 2002 13:47:00
    Lusaka- Zambia (PANA) -- Businesspeople in Zambia are criticising authorities in the country for threats to close down companies quoting prices and service charges in US dollars instead of the Zambian kwacha. Full text...

  • Nigerian Naira gains on the greenback
    28 september 2002 13:28:00
    Lagos- Nigeria (PANA) -- Nigeria's local currency, the Naira, appreciated slightly on the US dollar at the two auctions held under the Dutch Auction System (DAS) of foreign exchange allocation during the week, closing at 126. Full text...

  • Zambian kwacha slumps against the greenback
    24 september 2002 14:08:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has depreciated by ten units after a cache of US$1 million was sold by the Central Bank through its routine weekly auction, according to results released Tuesday. Full text...

  • Nigerian Naira appreciates against major currencies
    21 september 2002 16:57:00
    Lagos- Nigeria (PANA) -- The Naira appreciated against the US dollar at the last Dutch Auction System of foreign exchange allocation on Wednesday, trading at 126. Full text...

  • DR Congo franc depreciates amid rumours of new banknotes
    18 september 2002 22:23:00
    Kinshasa- DR Congo (PANA) -- The DR Congo franc (CF) has depreciated from 340 to 355 CF to the US dollar in the past week on the local exchange market, leading to a rise of consumer goods prices. Full text...

  • Zambian kwacha weakens under demand from importers
    18 september 2002 19:08:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha dipped to a low of 4,493 units to the US dollar Wednesday after weakening at the Central Bank dealing window where one million dollars was under auction. Full text...

  • Common currency for West Africa to remain a dream
    17 september 2002 16:17:00
    Accra- Ghana (PANA) -- The idea of West Africa taking a major step towards a common currency come next year will remain a dream, at least for now. Full text...

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